This Week: Home sales, Fed meeting minutes and consumer sentiment index
A look at some of the key business events and economic indicators upcoming this week
SPOTLIGHT ON HOUSING
The National Association of Realtors releases its monthly snapshot of existing U.S. home sales Wednesday.
Economists project that sales of previously occupied homes slowed slightly in April from the previous month to a seasonally adjusted annual rate of 4.18 million homes. The spring homebuying season is off to a sluggish start this year as home shoppers contend with elevated mortgage rates and rising prices.
Existing home sales, in millions, seasonally adjusted annual rate:
Nov. 3.91
Dec. 3.88
Jan. 4.00
Feb. 4.38
March 4.19
April (est.) 4.18
Source: FactSet
FED CLOSE-UP
The Federal Reserve delivers the minutes from its most recent interest rate policy meeting Wednesday.
At that meeting, Fed officials emphasized that inflation has remained stubbornly high in recent months and said the central bank doesn’t plan to cut interest rates until it has greater confidence that price increases are slowing sustainably to its 2% target. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fed’s belief that inflation was steadily easing.
Related articles
Eleanor Tomlinson puts on a leggy display in sparkly black minidress as she joins co
Eleanor Tomlinson, Stephen Merchant and Jessica Gunning reunited on Monday at a special screening of2024-05-22Liberal icon Bernie Sanders is running for Senate reelection, squelching retirement rumors
Sen. Bernie Sanders of Vermont announced Monday he will run for reelection this year, squelching spe2024-05-22Prince Harry celebrates Invictus Games in London but won't see his father, King Charles III
LONDON (AP) — Prince Harry arrived in London on Tuesday to mark the 10th anniversary of the Invictus2024-05-22Lok Sabha elections 2024: Why Modi and BJP face strong resistance in south India
CHENNAI, India (AP) — Prime Minister Narendra Modi has wielded near-total control over Indian politi2024-05-22Celebrity tequila brands, like George Clooney
Most popular tequila brands, including celebrity labels like Casamigos and Kendall Jenner's 818, inc2024-05-22- LONDON (AP) — AI fakery is quickly becoming one of the biggest problems confronting us online. Decep2024-05-22
atest comment